Monday, July 19, 2010

Green Dot Set To Debut This Week

In what seems like almost weekly news now about a Southern California firm gearing up for the public markets, Monrovia-based Green Dot is expected to hit the markets sometime this week. Green Dot would follow the debut last week of Beverly Hills-based RealD, which saw an impressive run up in its first day of trading Friday.Green Dot has said it expects to price between $32.00 and $35.00 per share, and will list on the NYSE at GDOT. Green Dot is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angels. The firm is a major provider of prepaid debit cards, which it distributes through Walmart and other retail locations.

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